The Global Investments in clean energy are protecting a 1 trillion dollar for grids, storage toward quadrupling sustainable fuels by 2035.

This is contained in an executive summary of the outcomes report on Global Climate Action Agenda at the 30th Conference of Parties in Belem, Brazil.

According to the report, the developing countries are leading the race on industrial decarbonisation, ”  tens of thousands of electric vehicles, thousands of gigawatts of renewable energy, hundreds of clean industrial projects, novel carbon removal technologies.

“Under the COP 30 Global Climate Action Agenda, the Green Grids Initiative launched at COP26 and the Utilities for Net Zero Alliance (UNEZA) launched at COP28, united with the Clean Energy Ministerial, IRENA, the IEA and others to deliver a global plan.

“ The global plan is to accelerate expansion and resilience of power grids and invest 1 trillion U.S. dollars  to triple their collective renewable capacity by 2030.

“This is what it takes to transition the energy, transport and industry sectors away from fossil fuels, enabling increased energy access,“ he said.

The report said hundreds of million hectares of forest, land and ocean were protected or restored while millions of farmers were transitioning to regenerative agriculture practices.

It said traditional communities and Afro-descendant groups secured land rights of millions of Indigenous peoples.

It further said that a total of 9 billion U.S. dollars in committed investment, covering more than 210 million hectares of land.

Read Also: COP30: Development Banks pledge innovative climate financing for adaptation

“Also, reaching 12 million farmers across more than 90 agricultural and food commodities building resilience across entire value chains in over 110 countries by 2030.

“ This is how we steward forests, oceans and biodiversity, and how we transform the agriculture and food systems,“ it said

The report pointed out that 437.7 million people became more resilient than to the race to resilience campaign.

According to the report, 162 companies, cities, and regions covering 25,000 buildings and  400 billion U.S. dollars in annual turnover cut over 850,000 tonnes of CO₂ in 2024  surpassing one million tonnes reduced in total.

“The CHAMP coalition launched at COP28, delivered two-thirds of new nationally determined contributions with stronger subnational and urban content among its 78 members.

“Millions of jobs created, new skills developed to build resilience for cities, infrastructure and water, while fostering human and social development,“ the report said.

According to the report, trillions of dollars pivot into the transition with new partnerships and innovation to scale finance from the private sector, governments, and financial institutions, including for adaptation finance.

“ This is how climate action begins to function as an economy in its own right one that unleashes finance, technology and capacity-building to reward protection and long-term stability, “ it said. (NAN)

The African Development Bank Group has underscored the urgent need for increased climate financing to support countries grappling with both conflict and climate shocks. The call was made during a COP30 panel session held on 12 November in Belém, Brazil.

Speaking at the event themed “Bridging the Gap: Making Climate Finance Work for the Underserved,” AfDB Vice-President for Power, Energy, Climate and Green Growth, Kevin Kariuki, highlighted the Bank’s efforts through its Climate Action Window, established in 2022 to channel resources to low-income and fragile states.

According to Kariuki, the Climate Action Window has already backed 41 projects valued at $322 million, mobilised an additional $1.6 billion in co-financing, and built an adaptation pipeline approaching $2 billion.

The side event was jointly organised by ODI Global and the UN Climate Security Mechanism (CSM), bringing together climate finance leaders, government officials and multilateral agencies to explore strategies for expanding access to climate funding for the world’s most vulnerable populations.

“We must ensure that climate finance benefits the most underserved populations, especially where security crises overlap with climate distress,” said Rebecca Nadin, Director of Global Risks and Resilience at ODI Global.

For conflict zones such as the Lake Chad Basin, climate financing has become a lifeline. Oumar Gadji Soumaila, Director General of Chad’s Special Environmental Fund, stressed that such investments are often “the only support they receive,” enabling communities to cope with insecurity and environmental degradation.

Read Also: COP30: AfDB calls for stronger climate finance support for conflict-affected African countries

The Climate Action Window — supported by contributions from Germany, the UK, the Netherlands, Ireland, Switzerland and Norway — dedicates funding exclusively to fragile, low-income and climate-vulnerable countries. Current allocations include:

• 75% for adaptation projects
• 15% for mitigation
• 10% for technical assistance
• 64% of adaptation financing provided as grants

Several African countries are also strengthening policy responses to climate-security challenges. Burkina Faso has adopted a national climate security framework, while the Liptako-Gourma Authority — comprising Burkina Faso, Mali and Niger — is working toward a regional framework expected by end-2026.

Fresh Commitments at COP30

The discussions in Belém provided renewed political momentum. Mauritania announced plans to join the climate security platform, while Germany, Italy, Croatia and others pledged new contributions to the UN Climate Security Mechanism to bolster support for countries facing overlapping climate and security crises.

The event also underlined the importance of national climate-security platforms as effective delivery channels for climate finance in fragile contexts, ensuring that support reaches those most at risk.

The Climate Security Mechanism — a partnership involving the UN Department of Political and Peacebuilding Affairs, UNDP, UNEP and Peace Operations — continues to lead global efforts to analyse climate-security risks and support countries in developing coordinated response strategies.

Mrs Tenioye Majekodunmi, Director-General, National Council on Climate Change (NCCC), says Nigeria will intensify efforts to advance the green economy toward mitigating climate change.

‎Majekodunmi said this on Monday during an interview with the News Agency of Nigeria (NAN) on the sideline of the 30th United Nations Climate Change Conference of the Parties in Belém, Brazil.

‎She said focus on overall environmental sustainability including renewable energy, sustainable agriculture, and waste management would be maintained nationwide.

‎According to her, Nigeria has taken this charge to heart. Our commitment is not just an aspiration; it is a solemn national mandate to reach a 32 per cent emission reduction target by 2035.

‎”We have already submitted our comprehensive Third Nationally Determined Contribution; the first among West Africa, approved the National Carbon Market Framework, and operationalised our Climate Change Fund.

‎”These actions send a clear, powerful signal that Nigeria is ready for high-integrity and large-scale clean energy investment; yet, a gap remains between potential and proof.”

‎She disclosed that the Federal Government would  support private sectors that were ready to deploy scalable off-grid solutions toward ensuring diversification of nation`s energy sources to close persistent energy gaps in the hard-to-reach communities.

‎”This aligns with the Nigeria Just Transition Guideline and action plan we have recently validated.

‎”Such clean energy projects from the private sector will strengthen the NCCC’s efforts to advocate for and mandate the decarbonisation of energy production thereby ensuring Nigeria remains Paris aligned.

‎”Nigeria offers political stability, massive market demand, and a new, robust climate policy architecture designed to attract and protect investors’ capital,” she added.

‎The NCCC director general reiterated that the Nigerian government through the council supported the wind sector as a vital pillar in the Nigerian energy mix plan.

‎”Let the winds of change that sweep across Nigeria’s land be harnessed not just as potential, but as tangible power, driving our sustainable development and guaranteeing a greener, brighter future for every Nigerian,” she said.

‎In another development, Prof. Magnus Onuoha, Executive Director, West Africa Green Economic Development Institute (WAGEDI), said that driving wind energy in Nigeria would greatly boost energy supply.

‎NAN reports that WAGEDI is a pan-African research institute housed within Gregory University, a private tertiary institution located in Uturu, Nigeria.

‎Onuoha who spoke with NAN also on the sideline of the conference, said that government policies and incentives Nigeria had committed to global climate action were key drivers behind wind energy projects in the country.

‎According to him, the electric power sector reform Act of 2005 laid the groundwork for private sector participation in electricity generation; creating a regulatory framework that includes renewable energy.

‎”Additionally, Nigeria’s ratification of the Paris Agreement in 2016 and subsequent submission of its Nationally Determined Contributions (NDCs) in 2017 underscored the country’s pledge to reduce greenhouse gas emissions.

‎”These commitments have spurred investment in low-carbon technologies, including wind energy as part of Nigeria’s strategy to meet its international obligations.”

Read Also: COP 30: African stakeholders issue seven-point call  

‎He added that domestically, policy initiatives such as the Renewable Energy Master Plan (REMP) and the Climate Change Act of 2021 have further accelerated the development of wind energy.

”The REMP outlines specific targets for renewable energy adoption, aiming to achieve a 23 per cent share by 2025, with wind power as a critical component.

”The government’s REMP that was inaugurated in 2011 aimed at increasing the share of renewable energy to at least 13 per cent by 2015, 23 per cent by 2025, and 36 per cent by 2030.

”Energy target will be comprised of renewable and carbon intensive sources as coal (2,200MW), the Nigerian National Integrated Power Project (NIPP)(1,896MW), Independent power projects (IPPs) (296MW) , Legacy assets (thermal) (5600MW), hydro (1300MW) and wind(10MW).

‎”The Climate Change Act institutionalises climate governance, requiring the government to develop pathways toward net-zero emissions by 2060.

‎”These frameworks provide a roadmap for renewable energy deployment and attract international support and funding, as demonstrated by partnerships with institutions like the African Development Bank and commitments from global entities such as the U.S.-EXIM Bank,” he explained.

‎According to him, Nigeria’s recent Energy Transition Plan (2022) and the passage of the Nigerian Electricity Act in 2023 mark significant milestones in advancing the renewable energy agenda.

‎He said the initiatives prioritised sustainable energy projects with wind energy recognised for its role in off-grid electrification and regional development particularly in the northern and coastal areas.

‎He further said that the country’s carbon neutrality goal by 2060 emphasised the need for scaling renewable technologies, making wind energy a viable solution to bridge Nigeria’s energy deficit while aligning with global sustainability goals.

‎”These drivers collectively signal a strong commitment to integrating wind energy into Nigeria’s energy future, leveraging policy, technology, and international collaboration,” he added.

(NAN)